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The number of sea turtles in Thailand has declined and their extinction may come soon because of several natural and man-made factors. Without conservation, sea turtles might completely disappear from the Thai seas. In 2017, PTTEP thus supported the Royal Thai Navy's Sea Turtles Conservation Center in Sattahip District, Chonburi Province. A Memorandum of Understanding (MOU) was signed between PTTEP and the Royal Thai Navy to enhance sea turtle conservation and promote conservation knowledge. Under the MOU, PTTEP supported the renovation and modernization of the nursery and hospital building, the first one of its kind in Thailand, to align with international standards on sea turtle nursing and treatment prior to release to the sea, to raise their survival rate. PTTEP provided the center with medical equipment, organized an exhibition, and prepared learning kits on sea turtle conservation. It also sponsored the center's landscape improvement. The center is no an eco-tourism destination. PTTEP also provided medical equipment for sea turtle treatment to the Department of Marine and Coastal Resources' sea turtle conservation center at Koh Mannai, Rayong Province, under the goal to increase sea turtle hatchery and the survival rate of the injured. Moreover, PTTEP has encouraged its employees and executives to volunteer in sea turtle conservation activities, such as the cleaning of turtle ponds, turtle shell scrubbing, and the release of baby sea turtles to the sea. PTTEP has carried out analysis on Social Return on Investment (SROI) of this project by measuring the social impact of the program with the financial quantification calculation (monetization). This method is intended to measure the value of the financial impact of the program that compares to the value of the impact to the cost of the program that has been invested into. It appears that the value of the SROI ratio is 4.37: 1 |
